KARACHI: The Pakistan Stock Exchange Monday remained in bearish al the day as benchmark 100-index lost 134.46 points to drop to 39017.32 points level at closing.
The stocks recorded the highest trading level of 39159.54 points and lowest level of 38996.71 points, with the volume of over 165.95 million shares, having about Rs 9.77 billion value. As many as 321 companies were active; of which 137 advanced, 166 declined and 18 remained unchanged.
Refinery was the top traded sector with 33,568,600 volume, while chemical remained second with 16,792,440 volume.
Byco Petroleum was the volume leader with 18.90 million shares, losing Rs 0.06 to finish at Rs 23.46. It was followed by Agritech Limited with 14.15 million shares, gaining Rs 1.00 to close at Rs 12.37 and Pak Refinery with 10.53 million shares, adding Rs 1.60 to close at Rs 48.70.
The top three gainers were Rafhan Maize with price per share 7475 (251), Philip Morris Pak with price per share of 1451.17 (72.12) and Pak Tobacco price per share of 1183.90 (55.91).
The top three losers were Bata (Pak) with price per share of 3825 (-175.10), Hinopak MotorXD with price per share of 895.57 (-47.13) and Siemens Pak per share of 950 (-39.99).
Earlier, the PSX opened negative and shed 58 points to drop to 39093 points level in early trading. Despite gaining some points, the stocks remained in negative note as the benchmark lost 40.30 points to drop to 39111.48 points level till midday.
Last week, the index declined 0.1 percent close at 39,151 index level. Average daily volumes witnessed a 7 percent rise, with volumes clocking in at 207.1mn shares, on the other hand, average daily values fell 8 percent, to Rs13.2 billion. Amongst the major sectors, Oil & Gas Marketing, Automobile and Power Generation & Distribution were up 3.5 percent, 3.4 percent and 1.8 percent, respectively. On the contrary, Tobacco, Oil & Gas Exploration and Fertilizer were down, 5.3 percent, 1.6 percent and 1.2 percent, respectively. Commercial Banks remained flat, over the past week.
Foreigners were net sellers of $11.5mn worth of shares this week. Banks attracted the highest interest with net buying of $9.5m, whereas, Oil & Gas Exploration and Chemicals had net outflow of $17.2m and $14.0m, respectively.
